Vigilance commences probe into KIIFB land acquisitions
As part of the preliminary investigation, the Vigilance team has collected documents from KIIFB relating to fund allocation and land acquisition
The Vigilance and Anti-Corruption Bureau (VACB) has commenced an investigation into alleged irregularities in land acquisitions involving funds from the Kerala Infrastructure Investment Fund Board (KIIFB) in Kannur and Palakkad. The preliminary investigation involves collecting documents from KIIFB concerning fund allocation and land acquisitions.
The government initiated the probe two weeks ago, following allegations of procedural lapses during the previous Left Democratic Front (LDF) government's tenure. The acquisitions, totaling 4,896 acres in Kannur and 470 acres in Palakkad, allegedly cost ₹12,710 crore and were intended for industrial zones. Critics argue the decision was made solely based on a concept note prepared by KINFRA, without a comprehensive cost-benefit analysis considering land requirements, financial viability, and project specifics.
The VACB probe is overseen by Special Investigation Team leader E.N. Suresh, with monitoring by Inspector General Thomson Jose. Investigators are also seeking details on land transactions, sale prices, and registration records from the Inspector General of Registration to evaluate the financial aspects of the acquisitions.
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